Invesco National AMT-Free Municipal Bond ETF
166 hedge funds and large institutions have $1.19B invested in Invesco National AMT-Free Municipal Bond ETF in 2020 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 61 increasing their positions, 48 reducing their positions, and 34 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 48
4.01% more ownership
Funds ownership: 56.39% → 60.39% (+4%)
1% more capital invested
Capital invested by funds: $1.18B → $1.19B (+$12.2M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
7% less funds holding
Funds holding: 178 → 166 (-12)
26% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$56.4M |
| 2 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
+$20.9M |
| 3 |
Jane Street
New York
|
+$19.1M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$9.07M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$7.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$45M |
| 2 |
IWS
Insight Wealth Strategies
San Ramon,
California
|
-$24.2M |
| 3 |
AssetMark Inc
Concord,
California
|
-$6.28M |
| 4 |
NS
NewDay Solutions
Hampton,
New Hampshire
|
-$6.01M |
| 5 |
Morgan Stanley
New York
|
-$4.09M |
PZA Hedge Fund Activity: Q1 2020 in Review
166 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Invesco National AMT-Free Municipal Bond ETF (PZA) for Q1 2020, worth a combined $1.19B — up 1% from $1.18B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of PZA and 25 opened new positions — a net loss of 9 holders — while 48 trimmed existing stakes and 61 added.
The largest buyer was Bank of America, adding an estimated $56.4M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $45M sold.
- 166 institutional investors held Invesco National AMT-Free Municipal Bond ETF (PZA) as of Q1 2020, down from 178 in Q4 2019.
- Funds reported $1.19B of Invesco National AMT-Free Municipal Bond ETF stock for Q1 2020, up 1% quarter-over-quarter.
- 25 funds opened new Invesco National AMT-Free Municipal Bond ETF positions in Q1 2020 and 34 closed out, a net change of -9 holders.
- The largest Invesco National AMT-Free Municipal Bond ETF buyer in Q1 2020 was Bank of America, an estimated $56.4M added.
- The largest Invesco National AMT-Free Municipal Bond ETF seller in Q1 2020 was Mackay Shields LLC, an estimated $45M sold.
Based on aggregated 13F filings for Q1 2020.